hiiii
plz solve my query....
one of our client is a importer.......HE IMPORTS FROM SINGAPORE A 20000MT OIL ........OUR CLIENT SELL ON HIGH SEA SALE BASIS SUCH IMPORTED OIL.......THE EXPORTER(SINGAPORE CO.) ISSUE INVOICES AGAINST SUCH OIL ON 11.02.2010.....IT TAKES 8 DAYS TO REACH OUR INDIAN PORT......SO I NEED TO ASK WHEN TO RECORD SUCH PURCHASE BILL IN OUR BOOKS i.e EITHER ON INVOICE DATE /WHEN BILL OF LADING IS FILED/ON DATE WHEN HIGH SEA SALE IS MADE AGAINST SUCH IMPORTED OIL....
PLZ HELP.....PLZ SHOW ANY CASE LAW IF ANY
CAclubindia
